220.10 0.00 (0.00%)
After hours: 4:58PM EDT
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||219.81 - 221.51|
|52 Week Range||168.00 - 227.00|
|PE Ratio (TTM)||19.88|
|Earnings Date||Dec 18, 2017 - Dec 22, 2017|
|Dividend & Yield||2.00 (0.90%)|
|1y Target Est||235.00|
Amazon.com is ready to make its first major Memphis investment. The e-commerce giant submitted a payment-in-lieu-of-taxes (PILOT) application to the Economic Development Growth Engine (EDGE) for Memphis & Shelby County to build a more than 615,000-square-foot “receive center" and create 600 jobs. If approved for the 15-year Jobs PILOT, the applicant plans to invest $72.5 million for the development, located on an 83-acre lot at 3282 E. Holmes Road — about two blocks from the southern boundary of Memphis International Airport and the FedEx World Hub.
Amazon’s dominance over the infrastructure of modern commerce — clouds, devices and logistics — means it’s one of the few companies on the board you can be certain will be around, even thriving, in the year 2030. In the near term, AMZN stock is about to cross the $1,000 barrier for the third time in 2017. If Amazon achieves $160 billion in sales this year, $1,000 per share is a market cap three times higher than that, at $477 billion.
FedEx is one step closer to a new $259 million Indiana development. A subsidiary of Memphis-based FedEx Corp., FedEx Ground, which is based out of Pittsburg, Pennsylvania, plans to build a new 608,000-square-foot FedEx Ground Package System in Greenwood, Indiana. Chad Sweeney, senior principal with Ginovus — a site selection firm that represents FedEx on projects across the U.S. — along with Debbie Dillinger from FedEx Services presented the project and its application for property tax deductions to the Greenwood Redevelopment Commission at an Oct. 10 meeting.
Gas distributors were higher, led by Sempra (SRE). Nucor (NUE) was boosting steel. Air freight was higher, thanks to FedEx (FDX). Fastenal (FAST) was weighing on wholesale distributors. Robert Half (RHI) ...
KeyBanc Capital Markets initiated coverage of FedEx Corporation (NYSE: FDX ) with an Overweight rating and a $260 price target, which suggests roughly 18 percent upside from Tuesday's close. Analysts Todd ...
FedEx Office — a subsidiary of Memphis-based FedEx Corp. — announced Oct. 4 it has expanded its FedEx SameDay City service to 1,800 cities. With the increase, the FedEx service is now available to 34 million people across 30 U.S. markets. “Whether a customer made an online purchase for a special occasion or a health care company needs to provide patients with critical medication and supplies, FedEx SameDay City can fulfill their need by delivering across multiple zip codes in a given market,” said Brian Philips, CEO of FedEx Office, in a release.
Cowen said in a note Monday that investor concerns regarding FedEx Corporation (NYSE: FDX ) facing a potential threat from Amazon.com, Inc. (NASDAQ: AMZN ) are overblown. The firm believes the company ...
That is according to analysts at Credit Suisse and in a report from TheStreet.com. Amazon has more than 5,000 employees in the Phoenix market at fulfillment centers in Chandler, Phoenix and Goodyear as well as a technology center.
Amazon.com’s (AMZN) announcement last week that it is testing a new delivery service has spurred the latest round of chatter that FedEx (FDX) the parcel shipping giant will become yet another victim to the e-commerce giant’s ever expanding reach. Cowen analyst Helane Becker insists that those worries are overblown. In a note published today, Becker reiterated her Outperform rating and $240 price target on Fed Ex shares, arguing that the company is well positioned to overcome new threats while at the same time improving long-term value for shareholders.
When it comes to Microsoft (NASDAQ:MSFT), many investors still consider it a tech dinosaur. Tech is all about growth and the perception is that Mr. Softy represents the old school. Diving head first into some of tech’s hottest trends, Microsoft has continued to churn-out real earnings growth over the last few years.
Analysts at Credit Suisse contend the impact on both FedEx and UPS over Amazon's delivery service is 'negligible.'
FedEx Freight, the industry leader in less-than-truckload transportation, and a subsidiary of FedEx Corp. , announced that the National Labor Relations Board has issued an order officially revoking the certification of the Teamsters union as the bargaining representative of city and road drivers at the FedEx Freight location in Monmouth Junction, N.J.
It’s another one of those “don’t judge an article by its title” moments. FedEx Corporation (NYSE: FDX ) plunged 2 percent Thursday on “overstated” headlines reporting increased competition from Amazon.com, ...
Amazon’s ability to become a third-party logistics provider further drives its goal of being the dominant retailer, if not the dominant business, worldwide. Shares of shipping leaders United Parcel Service, Inc. (NYSE:UPS) and FedEx Corporation (NYSE:FDX) fell on the news, though FDX stock has recovered most of its early losses. Like a number of recent moves, notably Amazon’s acquisition of Whole Foods, the delivery service on its own doesn’t radically change Amazon’s near-term earnings or fundamental valuation.
Fundamentally speaking, FedEx Corporation (NYSE:FDX) is reasonably priced with a price-to-earnings ratio of 20x. This is true when you consider that it pays a dividend and it is a consistent performer. Furthermore, I like its financial metrics better than those of United Parcel Service, Inc. (NYSE:UPS).
How much impact could Amazon.com’s (AMZN) new delivery service have on United Parcel Services (UPS) and FedEx (FDX)? Some analysts are warning that Amazon’s new venture could put pressure on delivery rates and steal business from the transport giants.